This report prepared for Money2020 Asia, dives into Tencent and Alibaba and what comes next as China’s internet giants expand globally.
IPOs have been replaced by mega-rounds. Asia now rivals the US for mega-rounds.
The number of $100M+ financing rounds to private companies in Asia was higher than in North America in 2016 and neck and neck in 2017.
Tencent & Alibaba have become frequent topics on earnings calls.
Tencent outpaces Alibaba in outbound M&A and investments.